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X just took out an 8.5% interest-only loan of $56000 for 6 years. Payments are to be made at the end of each year. What

X just took out an 8.5% interest-only loan of $56000 for 6 years. Payments are to be made at the end of each year. What is the amount of the payment that will be due at the end of year three?

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